Latest News:  
Beijing   Sunny    15 / 1   City Forecast

Home>>China Business

China's 2011 foreign trade to grow 20 pct: MOC

(Xinhua)

11:20, November 12, 2011

BEIJING, Nov. 11 (Xinhua) -- China's Ministry of Commerce (MOC) on Friday forecast the country's foreign trade to expand about 20 percent year-on-year this year to 3.5 trillion U.S. dollars.

Foreign trade growth will slow in the following months of this year and in 2012 mainly due to "the complicated exterior environment," the MOC said in a report.

Slackening recovery of the world economy, increasing risk of a downturn and rising costs at home will pose risks to China's foreign trade, it said.

China will continue to boost trade growth, adjust its trade structure and expand imports to contribute to global trade balance, the ministry said.

China's foreign trade in October fell 8.3 percent from September to 297.95 billion U.S. dollars, but still rose 21.6 percent year-on-year, according to official data.

October exports weakened 7.2 percent month-on-month to 157.49 billion U.S. dollars, while imports dropped 9.5 percent month-on-month to 140.46 billion U.S. dollars.

China faces a pessimistic foreign trade outlook in light of global economic turmoil, rising labor and raw material costs and mounting pressure regarding the appreciation of the yuan, Vice Commerce Minister Zhong Shan said Friday.

 
 
     
 
 
 
     
 
 
 
  We Recommend  
 
 
 
     
 
 


Email|Print|Comments(Editor:黄蓓蓓)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Miao ethnic group celebrates Miao's New Year in SW China

  2. World's first Angry Birds exclusive shop opens in Helsinki

  3. Veterans Day Parade in New York City

  4. Dead Sea loses bid to become one of New7Wonders of Nature

Most Popular

Opinions

  1. World hopes APEC can kick-start economy
  2. Vision will drive changes to ruling system
  3. Hopes for future of country must be realistic
  4. 'RMB undervaluation' claims defy economic logic
  5. US unlikely to contain China's rise
  6. India's border troop surge aimed at rising China?
  7. Anxious US looks toward Asia
  8. Property curbs to remain despite price drop
  9. China's dilemma over Iran goes deeper
  10. China must act to save energy, cut emissions

What's happening in China

Mother and son share a desk at school

  1. Taiwan bars smokers from top school jobs
  2. Beijing auto market growth unrivaled
  3. China mulls monitoring system on private lending
  4. LeTV, Tudou unite to share copyrights
  5. Bikes make a fashionable return to China's roads

PD Online Data

  1. The dragon dance
  2. Temple fairs in Beijing
  3. Lunar New Year´s Eve (I)
  4. Lunar New Year´s Eve (II)
  5. Little New Year (I)